Stock Market Prediction THIS Week: Developments around the US-Iran situation, crude oil prices, and the RBI’s interest rate decision would determine the trend in the equity market in an event-heavy week ahead, PTI reported quoting analysts.
Besides, macroeconomic data announcements, trading activity of foreign investors and the rupee-dollar trend would act as key drivers for equities, analysts noted.
“Participants will closely monitor global developments surrounding the US–Iran situation and movement in crude oil prices, which continue to remain critical for inflation expectations, currency stability, and foreign flows,” Ajit Mishra – SVP, Research, Religare Broking Ltd, said.
What investors will monitor?
“The key event of the week will be the RBI monetary policy announcement on Friday,” Mishra added.
Additionally, investors will monitor India’s GDP growth data and foreign exchange reserves figures for further clarity on economic momentum and external sector stability, he said.
“Markets are expected to remain highly sensitive to geopolitical and macroeconomic developments this week, with investor attention firmly focused on the evolving US–Iran negotiations, broader diplomatic developments in the Middle East and the trajectory of crude oil prices,” Ponmudi R, CEO – Enrich Money, an online trading and wealth tech firm, said.
What to look for?
Beyond geopolitics, investors are also expected to closely monitor rupee movement, institutional flow dynamics, global equity market trends and key macroeconomic indicators for further direction, he added.
Automobile sales data
In addition, monthly automobile sales data for May will be released on June 1, providing insights into demand trends across the sector, PTI quoted Meena.
Looking ahead, the near-term directional call for Indian equities hinges on two interlocking catalysts: the RBI monetary policy decision and India’s GDP data release, while India PMI and IIP data will provide the first meaningful read on early Q1FY27 industrial momentum, Vinod Nair, Head of Research, Geojit Investments Limited, said. (With Agency Inputs)
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
